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Amaya Leisure fiscal Q1 profit falls YOY

Amaya Leisure PLC said its normalized net income for the fiscal first quarter ended June 30 came to 21 Sri Lankan cents per share, a decrease of 60.5% from 53 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.8 million rupees, a decrease of 60.5% from 27.2 million rupees in the prior-year period.

The normalized profit margin declined to 4.1% from 13.1% in the year-earlier period.

Total revenue grew 25.7% year over year to 261.5 million rupees from 208.1 million rupees, and total operating expenses rose 60.1% from the prior-year period to 257.0 million rupees from 160.5 million rupees.

Reported net income came to a loss of 2.2 million rupees, or a loss of 4 cents per share, compared to income of 40.3 million rupees, or 78 cents per share, in the year-earlier period.

As of July 28, US$1 was equivalent to 130.22 Sri Lankan rupees.